What Is a Letter of No Objection in NYC Real Estate? (2019) | Hauseit®

What Is a Letter of No Objection in NYC Real Estate? (2019) | Hauseit®


A Letter of No Objection in NYC is used to
verify the legal use of a building constructed before January 1st, 1938 which does not have
a Certificate of Occupancy on file with the DOB. Properties built in NYC prior to 1938 were
not required to have Certificates of Occupancy. The most common reason for requesting Letter
of No Objection is to verify the legal use of a property prior to filing an Alteration
application with the DOB for renovations. A seller may also request a Letter of No Objection
at the behest of a buyer who wants to verify the legal use of a property. Because properties in NYC built before January
1st, 1938 do not have a Certificate of Occupancy, it’s fairly typical to come across listings
which do not have a Certificate of Occupancy. As a buyer, you are not necessarily required
to have a C/O or a Letter of No Objection on file in order to close. however it’s a good idea to check with your
lender, insurer and real estate attorney. How to Obtain a Letter of No Objection The fastest and most practical way to obtain
a Letter of No Objection is to hire an Expeditor. An Expediting Company will submit the necessary
paperwork to the DOB on your behalf and usually speed up the process compared to trying it
yourself. The process of applying for a Letter of No
Objection through an Expeditor typically takes around one month. What Is a Certificate of Occupancy in NYC? As per NYC Buildings, a Certificate of Occupancy
“states a building’s legal use and/or type of permitted occupancy.” All new buildings are required to have a CO.
Existing buildings are required to have a CO whenever there is a change in use, egress
or type of occupancy. For buildings constructed after January 1st,
1938, no occupancy is permitted until a valid Certificate of Occupancy or Temporary Certificate
of Occupancy has been issued. How to Get a Copy of a Certificate of Occupancy
in NYC The easiest way to obtain a copy of a Certificate
of Occupancy (CO) is to search for it using the NYC Building Information System (BIS)
which s available online simply by googling ‘NYC BIS’ (note: it’s pronounced B..I…S
not BIS) What Is a Letter of No Verification? A Letter of Verification (LOV) may be requested
by the DOB if a property has an existing Certificate of Occupancy (CO) but requires verification. NYC Buildings uses the same application form
for both Letters of No Objection and Letters of Verification. Looking to buy or sell a home in New York? Learn how you can save on commission and closing
costs at https://www.hauseit.com

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